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Meanwhile, the S&P BSE Sensex was up 97.47 points, or 0.3% at 32,407.35. The S&P BSE Small-Cap index was up 21.88 points, or 0.14% at 16,094.21.

On the BSE, 3,241 shares were traded on the counter so far as against the average daily volumes of 1,416 shares in the past one quarter. The stock had hit a high of Rs 749 and a low of Rs 721 so far during the day. The stock had hit a record high of Rs 880 on 6 February 2017 and a 52-week low of Rs 381.50 on 16 August 2016.

The stock had underperformed the market over the past one month till 28 July 2017, advancing 2.82% compared with the Sensex's 4.79% rise. The scrip had also underperformed the market over the past one quarter advancing 6.46% as against the Sensex's 7.99% rise. The scrip had, however, outperformed the market over the past one year advancing 84.35% as against the Sensex's 14.54% rise.

The small-cap company has equity capital of Rs 12.61 crore. Face value per share is Rs 10.

Seshasayee Paper and Boards is engaged in the manufacture of printing and writing papers.

Net profit of Seshasayee Paper & Boards declined 9.83% to Rs 21.75 crore in the quarter ended June 2017 as against Rs 24.12 crore during the previous quarter ended June 2016. Sales declined 1.32% to Rs 238.64 crore in the quarter ended June 2017 as against Rs 241.83 crore during the previous quarter ended June 2016.

Seshasayee Paper & Boards announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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